ENG-1979 — Page 331

248

Appendix 9

(Chapter 4: Finance and Economy)

Comparative Statement of Recurrent and Capital Income and Expenditure

249

$ Million

Income

Actual 1977-78

Actual Estimate 1978-79 1979-80

Expenditure

Actual

Actual

Estimate

1977-78

1978-79

1979-80

Duties

Direct taxes

Indirect taxes

General rates

Recurrent Account

Earnings and profits tax

Recurrent Account

Personal emoluments

3,357.2

4,114.6

4,990.5

2,475.0

2,892.1

3,150.8

Departmental recurrent expenditure

844.6

1,075.9

1,223.8

733.6

830.4

791.5

Public Works Recurrent

457.6

427.7

502.7

722.9

806.9

882.0

Subventions

1,327.0

1,581.6

1,777.9

Internal revenue (note 1)

872.2

1,324.5

1,489.0

Motor vehicles taxes

148.0

259.1

342.0

University and Polytechnic Grants Committee

306.8

348.1

374.9

Franchises

63.4

74.1

78.6

Defence

270.3

363.1

361.6

Airport concessions

71.0

88.0

81.4

Pensions

233.9

262.0

331.6

Other revenue

Miscellaneous

304.0

Fines, forfeitures and penalties

86.3

109.1

98.1

357.6

637.0

Licences (note 2)

267.4

320.6

376.4

Transfer to Capital Account

695.8

1,371.3

1,682.2

Fees and receipts

509.6

591.2

606.5

Surplus

1,235.7

1,466.9

1,433.8

Revenue from properties and investments

375.2

614.6

683.3

Reimbursements

231.8

216.3

228.1

Water

206.7

225.6

244.0

Postal services

266.6

298.5

295.9

Airport and air services

200.3

226.5

235.7

Kowloon-Canton Railway

38.5

46.3

53.3

8,150.7

10,146.3

11,476.3

8,150.7

10,146.3

11,476.3

Capital Account

Direct taxes

Estate duty

Indirect taxes

Taxi concessions

Other revenue

Capital Account

Public Works Programme (other than New Towns and Housing)

109.7

128.5

134.8

Buildings

169.9

271.6

408.2

Engineering

406.3

650.0

673.8

112.4

249.9

292.6

Waterworks

107.3

98.8

118.0

Public Works Non-recurrent: Headquarters

69.2

209.6

99.6

Land sales

1,831.3

2,007.8

1,971.9

Public Works Programme (New Towns and Housing)

684.2

1,043.9

1,299.5

Loan repayments

1.6

13.7

1.5

Loans and grants

26.9

Transfer to Development Loan Fund for Housing Authority

100.0

620.0

1,000.0

Sale of Associated Properties Limited Shares

10.8

10.8

Transfer to Home Ownership Fund

587.1

399.4

Deficit on Capital Account met by transfer from Revenue Account

695.8

1,371.3

1,682.2

Other capital expenditure

Subventions

52.5

48.7

107.0

University and Polytechnic Grants Committee

24.5

65.2

85.0

Departmental special expenditure

76.2

105.3

183.9

Defence Costs Agreement: Capital works

23.4

37.6

29.8

Miscellaneous (including public debt)

477.1

231.9

89.0

2,777.7

3,782.0

4,093,8

2,777.7

3,782.0

4,093.8

Note: 1. Comprising taxes on bets and sweeps, entertainment, hotel accommodation and stamp duties.

2. Including business registration fees.